Is Murano Global Investments Plc MRNO stock Halal to invest in?

No, as of September 2026, Murano Global Investments Plc stock (MRNO) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening Halal stocks. To qualify as Halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Murano Global Investments Plc currently does not meet the threshold for the non-permissible income and interest-bearing debt screens. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Murano Global Investments Plc and discover Shariah compliant alternatives among the Halal stocks in the Tabadulat app.

How often is Murano Global Investments Plc MRNO reviewed for Shariah compliance?

Tabadulat reviews Murano Global Investments Plc MRNO for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Murano Global Investments Plc reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Murano Global Investments Plc MRNO pass the AAOIFI Non Permissible Income criteria?

No, as of September 2026, Murano Global Investments Plc stock (MRNO) does not pass the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or Riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Murano Global Investments Plc's income from non-permissible sources currently exceeds this 5% ceiling, which makes the stock non-compliant on this criterion regardless of how it performs on the other screens. The screen is reassessed monthly, so the status can change when the company releases new financial statements.

Does Murano Global Investments Plc MRNO pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of September 2026, Murano Global Investments Plc stock (MRNO) passes the AAOIFI interest-bearing investments screen. AAOIFI caps interest-earning holdings at 30% of market capitalisation so that shareholders do not materially profit from Riba. Measured against the latest data, Murano Global Investments Plc's interest-bearing investments sit within the limit. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Murano Global Investments Plc MRNO pass the AAOIFI Interest Bearing Debt criteria?

No, as of September 2026, Murano Global Investments Plc stock (MRNO) does not pass the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar Riba-based financing) must remain below 30% of its market capitalisation. Murano Global Investments Plc's interest-bearing debt currently exceeds this 30% limit, meaning the company relies on Riba-based financing beyond the level AAOIFI permits for a Halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Murano Global Investments Plc MRNO stock?

Murano Global Investments Plc (MRNO) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (Tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a Halal investment. If Murano Global Investments Plc returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Murano Global Investments Plc MRNO pass the AAOIFI Preference Share screen?

Yes, as of September 2026, Murano Global Investments Plc stock (MRNO) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Murano Global Investments Plc has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Is Murano Global Investments (MRNO) stock Halal?

NASDAQ

Shariah-Compliant

Not Shariah

As of the September 2026 screening, Murano Global Investments Plc (MRNO) does not meet the AAOIFI Shariah Standard No. 21 threshold for the non-permissible income and interest-bearing debt screens, so the stock is not currently classified as Shariah compliant. It is re-screened every month and can regain compliance if its financial structure changes.

Sector:

Real Estate

Industry:

Real Estate - Development

Employees:

1088

Website:

https://www.murano.com.mx/en/

Market cap:

$17M

P/E ratio:

241.9

Dividend yield:

52-week range:

$0.18 - $6.20

Data as of:

3 September 2026

Screening history:

September 2026: FAIL

Murano Global Investments is a private investment firm that focuses on a diverse range of investment strategies to maximize value for its clients. The primary function of Murano Global Investments is to provide tailored asset management services, aiming to assist institutional and high-net-worth individual investors in achieving their financial goals through strategic investment planning. The firm explores various asset classes, including equities, fixed income, real estate, and alternative investments, offering a blended approach to risk and return. For Muslim investors, though, the most pressing question is simpler: is Murano Global Investments a Halal investment?

Is Murano Global Investments Shariah compliant?

Property itself is a permissible asset, which is why real estate attracts Halal investors. The screening question for Murano Global Investments is how the portfolio is financed and whether rental income flows from impermissible tenants; the debt cap and the 5% income ceiling of AAOIFI Shariah Standard No. 21 carry the verdict.

Does Murano Global Investments pass the business activity test?

The activity screen is only part of the picture this month: Murano Global Investments currently fails the non-permissible income and interest-bearing debt screens, so the overall verdict is not compliant regardless of the business itself. The watch item is the tenant roll: rental income from impermissible businesses counts against the 5% ceiling.

Is Murano Global Investments' income Halal?

No. Murano Global Investments' income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.

Does Murano Global Investments meet AAOIFI's debt and investment ratio requirements?

Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.

Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.

New to the four screens? Read REITs: Halal Real Estate for Muslim Investors

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